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June 2020

Travel and Tourism Global Economic Impact and Trends 2020

By World Travel and Tourism Council (WTTC)

Travel & Tourism is one of the world’s largest sectors, driving socio-economic development and job creation. It plays an important role in driving prosperity, empowering women, youth and other groups of society. The benefits of Travel & Tourism spread far beyond its direct impacts in terms of GDP and employment; there are also indirect benefits through supply chain linkages to other sectors as well as its induced impacts. This report on 2019 provides a valuable and timely reminder of the global economic impact of Travel & Tourism in the pre COVID-19 era and hence why a rapid and efficient recovery is so essential.